Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$190,981$190,981$246,600
Remaining term (yrs)23.123.130.0
Secondary amount$0$55,619$0
Funding fee$955$955$0
Note rate3.560%3.560%7.400%
Blended rate3.560%4.787%7.640%
1st payment$1,007.41$1,007.41$1,707.41
2nd payment$0.00$417.14$0.00
Taxes / mo$368.25$368.25$368.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$49.32
HOA / mo$0.00$0.00$0.00
Total monthly$1,525.66$1,942.80$2,274.98
Cash to close$83,019$27,400$27,400